Can I retire at age 51 with 19,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,537,039
2 years$801,262$786,339$771,877$757,855$744,253$718,243
3 years$528,869$513,882$499,455$485,565$472,185$446,866
4 years$392,699$377,757$363,476$349,822$336,766$312,334
5 years$311,018$296,166$282,072$268,697$256,004$232,529
6 years$256,582$241,842$227,956$214,879$202,567$180,076
7 years$217,714$203,099$189,433$176,664$164,742$143,240
8 years$188,577$174,093$160,654$148,199$136,669$116,154
9 years$165,926$151,579$138,371$126,233$115,095$95,555
10 years$147,817$133,610$120,635$108,814$98,067$79,486
11 years$133,009$118,945$106,205$94,701$84,341$66,699
12 years$120,678$106,759$94,254$83,065$73,088$56,362
13 years$110,253$96,479$84,210$73,334$63,734$47,900
14 years$101,324$87,696$75,663$65,098$55,869$40,899
15 years$93,593$80,112$68,314$58,056$49,191$35,058
16 years$86,835$73,501$61,936$51,983$43,475$30,150
17 years$80,879$67,692$56,360$46,706$38,548$26,000
18 years$75,590$62,550$51,449$42,092$34,275$22,473
19 years$70,863$57,971$47,099$38,033$30,550$19,464
20 years$66,614$53,870$43,225$34,446$27,288$16,886
21 years$62,775$50,177$39,759$31,262$24,420$14,671
22 years$59,290$46,839$36,644$28,425$21,889$12,762
23 years$56,112$43,807$33,834$25,887$19,649$11,114
24 years$53,204$41,045$31,291$23,610$17,661$9,688
25 years$50,532$38,518$28,982$21,562$15,892$8,451
26 years$48,070$36,201$26,879$19,715$14,315$7,378
27 years$45,794$34,069$24,960$18,046$12,906$6,445
28 years$43,684$32,103$23,203$16,534$11,645$5,632
29 years$41,724$30,286$21,592$15,162$10,516$4,925
30 years$39,897$28,602$20,113$13,915$9,501$4,308
31 years$38,192$27,038$18,750$12,780$8,590$3,770
32 years$36,596$25,584$17,494$11,745$7,770$3,300
33 years$35,101$24,228$16,335$10,800$7,032$2,889
34 years$33,696$22,963$15,262$9,937$6,367$2,530
35 years$32,375$21,780$14,269$9,148$5,767$2,216
36 years$31,129$20,672$13,348$8,425$5,225$1,942
37 years$29,954$19,634$12,494$7,763$4,736$1,701
38 years$28,843$18,659$11,700$7,155$4,293$1,491
39 years$27,792$17,743$10,962$6,597$3,893$1,307
40 years$26,796$16,881$10,274$6,085$3,531$1,145
41 years$25,851$16,069$9,634$5,614$3,204$1,004
42 years$24,954$15,304$9,037$5,181$2,907$880
43 years$24,100$14,581$8,480$4,783$2,638$772
44 years$23,288$13,899$7,960$4,416$2,395$677
45 years$22,513$13,254$7,474$4,078$2,174$593
46 years$21,775$12,644$7,020$3,767$1,974$520
47 years$21,070$12,066$6,595$3,481$1,792$456
48 years$20,397$11,519$6,198$3,216$1,628$400
49 years$19,753$11,000$5,825$2,972$1,478$351
50 years$19,136$10,507$5,477$2,747$1,343$308

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $19,600,000, adding $5,457 every year, while hoping to spend $41,386 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/8/23 Blend
50$19,600,000$19,600,000$19,600,000$19,600,000
51$21,604,829$20,566,029$20,262,229$22,969,752
52$23,764,487$21,529,730$20,896,979$24,847,743
53$26,143,043$22,539,265$21,551,607$26,896,792
54$28,762,781$23,596,837$22,226,733$29,138,138
55$31,648,257$24,704,754$22,923,001$31,590,800
56$34,826,529$25,865,436$23,641,071$34,275,712
57$38,327,414$27,081,422$24,381,626$37,215,923
58$42,183,770$28,355,371$25,145,370$40,436,807
59$46,431,803$29,690,073$25,933,028$43,966,303
60$51,111,412$31,088,452$26,745,350$47,835,170
61$56,266,564$32,553,574$27,583,107$52,077,282
62$61,945,708$34,088,653$28,447,095$56,729,938
63$68,202,232$35,697,060$29,338,135$61,834,211
64$75,094,972$37,382,327$30,257,075$67,435,336
65$82,688,758$39,148,160$31,204,786$73,583,129
66$91,055,034$40,998,443$32,182,169$80,332,453
67$100,272,529$42,937,249$33,190,153$87,743,735
68$110,428,001$44,968,847$34,229,697$95,883,530
69$121,617,052$47,097,715$35,301,786$104,825,143
70$133,945,036$49,328,548$36,407,441$114,649,319
71$147,528,050$51,666,268$37,547,711$125,445,000
72$162,494,031$54,116,035$38,723,680$137,310,156
73$178,983,963$56,683,262$39,936,464$150,352,709
74$197,153,208$59,373,622$41,187,216$164,691,542
75$217,172,972$62,193,066$42,477,124$180,457,620
76$239,231,921$65,147,832$43,807,413$197,795,216
77$263,537,962$68,244,461$45,179,347$216,863,268
78$290,320,208$71,489,814$46,594,229$237,836,874
79$319,831,137$74,891,082$48,053,403$260,908,936
80$352,348,975$78,455,807$49,558,255$286,291,975
81$388,180,328$82,191,899$51,110,213$314,220,131
82$427,663,068$86,107,650$52,710,753$344,951,363
83$471,169,532$90,211,755$54,361,393$378,769,878
84$519,110,026$94,513,333$56,063,703$415,988,805
85$571,936,709$99,021,947$57,819,297$456,953,142
86$630,147,854$103,747,623$59,629,844$502,043,003
87$694,292,554$108,700,875$61,497,062$551,677,201
88$764,975,906$113,892,730$63,422,726$606,317,185
89$842,864,724$119,334,749$65,408,662$666,471,393
90$928,693,832$125,039,057$67,456,758$732,700,036
91$1,023,273,000$131,018,369$69,568,958$805,620,379
92$1,127,494,595$137,286,017$71,747,266$885,912,552
93$1,242,341,997$143,855,985$73,993,753$974,325,965
94$1,368,898,886$150,742,934$76,310,549$1,071,686,365
95$1,508,359,475$157,962,241$78,699,855$1,178,903,621
96$1,662,039,781$165,530,030$81,163,940$1,296,980,298
97$1,831,390,049$173,463,211$83,705,142$1,427,021,108
98$2,018,008,443$181,779,518$86,325,874$1,570,243,328
99$2,223,656,137$190,497,547$89,028,623$1,727,988,269
100$2,450,273,937$199,636,801$91,815,956$1,901,733,930